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Week Ending April 25, 2014

Mortgage Fraud News

Case Activity

Pair Accused of Netting $500k in Mortgage Fraud Scheme
April 23 -- Two Memphis, Tenn., men have been indicted by a federal grand jury on seven counts related to a mortgage-fraud and identity-theft scheme, officials said Tuesday.

Closing Statements Falsified in Mortgage Fraud Scheme
April 22 -- NEW HAVEN, Conn. -- A federal jury convicted a Farmington man and a Poughkeepsie, N.Y., man on all charges related to a mortgage fraud scheme.

Wolf of Hard Money Convicted of Mortgage Fraud
April 21 -- A University Place, Wash., man who once described himself as "a wolf" for his hardball lending tactics has been convicted in U.S. District Court of lying on federal loan applications and conspiracy to submit fraudulent applications.

LOs Who Lose Licenses Get Licensed in Other States
April 21 -- Mortgage loan originators accused of mortgage fraud in one state are finding that they can still originate loans for borrowers in other states.

Date Defendants State Amount of Loans Overview Source
Apr 25 Jay Fischer WI $1,000,000 Convicted. Wisconsin DOJ
Apr 25 Princess Rosario, Jose Antigua, Melquisidec Caraballo, Joel Tillett, Jason Boggs PA $456,000 in restitution Rosario sentenced to 5 years probation.
Apr 25 Bonnie Kathleen Kreamer (aka Bonnie Meehan), Niesha Williams, Rhonda Scott, Demetrius Peete, Gregory Green, Emeka Udeze MD $4,800,000 in losses Kreamer sentenced to 51 months. Department of Justice
Apr 25 Jim Sotolongo, Ramara Garrett, Stephanie Musselwhite, Christopher Mencis FL Multiple properties Jury began deliberations.
Apr 23 Jim Sotolongo, Ramara Garrett, Stephanie Musselwhite, Christopher Mencis FL Multiple properties Trial continues with FBI agent's testimony.
Apr 23 Edward Belczak, Janice Verschuren MI $700,000 Indicted. Department of Justice
Apr 22 Johnny Eugene Grivette Jr., Dawn Powers, John Hagener, Christopher Warren, Lee Loomis, Darren Fehst, Peter Woodard, Joseph Gekko, Michael Llamas CA Multiple properties Grivette sentenced to 54 months. Department of Justice
Apr 22 Julie Farmer (15 total) CA Multiple properties Convicted by jury. Department of Justice
Apr 22 Delio Coutinho, Luis Salguero Bedoya, Yazmin Soto-Cruz NJ $2,000,000 Coutinho pleaded guilty. Department of Justice
Apr 21 Cane Mwihava, Nsane Phanuel Ligate, Gladyness Sila, Larry Johnson MD $352,092 in losses Ligate pleaded guilty. Department of Justice
Apr 21 Cane Mwihava, Nsane Phanuel Ligate, Gladyness Sila, Larry Johnson MD $352,092 in losses Mwihava pleaded guilty. Department of Justice
Apr 21 Ramon E. Rios NY Multiple properties Trial began with the defendant being tried in absentia. Suffolk County DA
Apr 21 Emiel Kandi WA $830,000 in restitution Pleaded guilty. Department of Justice

archived case entries back to 2005

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